Analyst: The door for an interest rate cut in July has closed.

The focus of the market's attention is on the expected rise in the unemployment rate, but the actual unemployment rate has unexpectedly dropped to 4.1%. The Federal Reserve meeting in July will no longer be as important. Gregory Faranello, Head of US Rate Trading and Strategy at AmeriVet Securities, said: "The biggest issue is the unemployment rate. The door for a rate cut in July has now closed, and the Fed will be on 'vacation' for the summer. The Fed's key indicator for taking action is employment, which gives Fed Chair Powell room to adopt a wait-and-see approach."